SunEdison to develop 9.6 MW solar utility project in Japan

SunEdison has recently secured an agreement for developing 9.6 MW utility scale solar power plant in Japan.

With this project, SunEdison will be the first US company in Japan to secure the construction of a solar plant namely, the Tarumizu project.

Shinsei Bank in Japan will provide SunEdison 80 percent of the total project cost. However, total project cost is not disclosed by the company.

The electricity generated by the plant will power around 3,000 households on the southern Japanese island of Kyushu.

Two months ago, SunEdison signed agreements with the state government of Karnataka in India to develop five GW of solar energy and with OMC Power to develop 5,000 solar projects throughout rural India.

During Obama visit in India, SunEdison announced a significant solar schools supply deal in the USA.

In addition, SunEdison announced plans to build more than 20,000 megawatts of solar energy capacity in India by 2022.

SunEdison said it would build 15,200 MW of solar and wind power capacity by 2022.

In another development, SunEdison completed a 7.7 MW solar array for a brake company in India, an array for AT&T and the 81.6 MW Regulus solar facility in Kern County, California.

The company also provided details of a 22 MW distributed rooftop solar project in Los Angeles.

In Dec 2014, SunEdison and TerraForm Power partnered with JPM Capital Corporation to invest in solar energy development fund.

Under the agreement, SunEdison planned to invest $75 million while TerraForm will invest $100 million.

The financing was meant to purchase up to 60 megawatts of solar power projects that SunEdison will develop and construct in 2014 and 2015.

Recently, SunEdison unveiled a goal of delivering clean, renewable electricity to 20 million people in underprivileged communities throughout the world by 2020.

Last week, SunEdison announced acquisition of part of Solar Grid Storage, specializing in 150 kW to 10 MW projects.

Sabeena Wahid